Post Utme Ims U 2017 Accounting Question 38

Practice objective / multiple choice question 38 from the 2017 Post Utme Ims U Accounting examination.

Post Utme Ims U 2017 Accounting Objective / Multiple Choice
Question 38 POST_UTME_IMS_U • 2017 • ACCOUNTING • objective

A company's balance sheet shows a current ratio of 2:1. If the company has a total current asset of ₦500,000 and a total current liability of ₦200,000, what is the total current asset?

Answer Options

A. ₦200,000
B. ₦300,000
C. ₦400,000
Correct Answer D. ₦500,000
Correct Answer
D
Correct Option:
₦500,000

About This Question

This is Post Utme Ims U 2017 Accounting Question 38. It is one of the objective questions from the 2017 Post Utme Ims U Accounting examination.

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